This is a common story in many families. Parents had purchased a house in a location then considered to be the city's periphery. The area was under-developed, too far from the city centre, had bad roads and poor train connectivity.
For property buyers, a festival season is the right time to scout for property. Builders are expected to dole out freebies to ensure that their sagging sales get some fillip. Some like Saket Sinha are keenly watching the developments.
Located between Mumbai and Pune, Lonavala has always been a popular destination for a weekend and a second home for both cities. It is likely to become a satellite town for both Pune and Navi Mumbai in the future.
As the Bengaluru real estate market is in expansion mode, new suburbs are emerging as new real estate destinations. The international airport has been a primary driver, leading to the emergence of many new locations in north Bengaluru.
The Confederation of Real Estate Developers' Association of India (Credai) says it is thinking of suspending from its membership some companies in the National Capital Region (NCR) which have repeatedly gone back on promises to buyers.
You had approached a broker six months earlier to sell your house. He would call with daily updates about prospective clients he'd shown the flat to and the interest they showed. It'd get sold soon, the broker assured.